The Ponzo updates this week have the SPY with wildly divergent forecast possibilities. I note with some amusement that the upside target is 236....virtually identical to the Goldman best case scenario for 2017 and I suspect they got that target from their subscription to the Ponzo service..
Once again bonds look to be in a bottoming pattern but if the FED's do raise rates in December we could see TLT fall off the current support ledge and drop to the 100's.
And we still have that off the charts VIX outlier that suggests a Hindenburg Omen possibility.
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